If the incomes of New Englanders increased and they demanded more tobacco, then tobacco would be:

A country exports a good if

A) it has a high opportunity cost of production. B) the world price of the good is above the country's no-trade equilibrium price. C) the quantity demanded of the good in the country is greater than the quantity supplied at the world price. D) it cannot import the good. E) the world price of the good is below the country's no-trade equilibrium price.

In the simple Keynesian model, equilibrium aggregate output is determined by

A) aggregate demand. B) aggregate supply. C) the national demand for labor. D) the price level.